Chapters 12 and 13

Compensation is defined as

An employee who works every Thursday and Friday for three hours is considered a

The owner of a successful small business develops and follows a

Direct payment to an employee for work completed

Operating a business requires skill in

The first step in developing a business plan is to

An important source of employee training for small businesses is through

A temporary employee is

One to whom the company makes a long term commitment is a

Compensation in forms other than direct payment for work

An employee that who works less than a full time employee

Full time employees often receive benefits such as

An employee who works a schedule of at least 30 hours per week

Compensation where an employee gets a specific amount for each unit of work production is

Which statement is true about a proprietorship financing?

incentive where employees receive regular compensation plus a share of the profits is called

When compared to the past, today’s small business owners are more likely to be

A wage that pays the employee a specific amount of money for each hour worked.

System that combines a small wage or salary with an additional amount determined by performance

Short-term financing includes

The first part of a business plan is

The most important step in starting business is

Ensuring that needed employees are available satisfied with their work is

Money needed for the important resources of a business that will last for many years is

The amount of money needed to open a business is

The two parts of studying work requirements in preparation for hiring new employees are

A specific amount of money paid for each week or month worked is

What is an incentive where an employee is paid a percentage of sales?

Short term financing is obtained for a period of

A written description of the business idea and how it will be carried out is